St George Westpac merger - fact sheet


This page contains information about the merger of St George Bank Limited (St George) with Westpac Banking Corporation (Westpac) on 1 December 2008.

This information applies to you if:

  • you are an individual not a company or trust
  • you are an Australian resident for tax purposes
  • you held ordinary shares in St George, which participated in the merger with Westpac in 2008
  • you did not acquire your shares under an employee share scheme, and
  • any gain or loss you made on the shares is a capital gain or capital loss - this means that you held your shares as an investment asset, not:
    • as trading stock
    • as part of carrying on a business, or
    • to make a short-term or 'one-off' commercial gain.
    Last modified: 06 Oct 2010QC 21912